SRLP · Sprague Resources LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $3.50B | $2.34B | $3.50B | $2.39B | $2.85B | $2.39B |
| Cost of Revenue | - | - | $2.60B | - | - | - |
| Gross Profit | - | - | $899.62M | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $82.70M | $81.51M | $78.14M | $80.80M | $87.58M | $84.26M |
| Total Operating Expenses | $2.26B | $2.26B | $84.92M | $88.66M | $72.28M | $65.88M |
| D&A | $33.34M | $34.07M | $34.02M | $33.38M | $28.13M | $21.24M |
| Operating Income | ($32.15M) | $79.62M | $77.33M | $122.91M | $64.22M | $39.53M |
| Interest Expense | $34.11M | $40.67M | $42.94M | $38.93M | $31.34M | $27.53M |
| Income Tax | $2.83M | $7.39M | $3.31M | $5.03M | $3.82M | $2.11M |
| Net Income | ($68.92M) | $33.81M | $31.26M | $79.82M | $29.50M | $10.17M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $669.0K | $3.77M | $5.39M | $7.53M | $6.82M | $2.68M |
| Accounts Receivable | $280.41M | $193.01M | $281.53M | $269.91M | $316.61M | $221.95M |
| Inventory | $439.82M | $255.53M | $293.22M | $259.57M | $335.86M | $318.90M |
| Accounts Payable | $193.84M | $97.28M | $147.58M | $198.00M | $205.10M | $138.36M |
| Current Assets | $883.98M | $665.68M | $721.71M | $699.33M | $806.49M | $653.71M |
| Total Assets | $1.42B | $1.20B | $1.28B | $1.25B | $1.36B | $1.01B |
| Current Liabilities | $983.27M | $674.60M | $721.81M | $523.15M | $704.22M | $451.20M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.48B | $1.14B | $1.18B | $1.11B | $1.23B | $887.04M |
| Stockholders' Equity | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($56.78M) | $154.47M | ($65.36M) | $131.74M | $57.04M | $131.74M |
| Investing Cash Flow | ($2.77M) | $514.0K | ($13.89M) | ($44.90M) | ($153.27M) | ($44.90M) |
| Financing Cash Flow | $56.48M | ($156.55M) | $77.07M | ($115.13M) | $100.29M | ($115.13M) |
| CapEx | $13.89M | $12.20M | $14.29M | $17.25M | $46.95M | $15.99M |
| Free Cash Flow | ($70.67M) | $142.27M | ($79.66M) | $114.50M | $10.09M | $115.76M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | 25.7% | - | - | - |
| Operating margin | -0.9% | 3.4% | 2.2% | 5.1% | 2.2% | 1.7% |
| EBITDA margin | 0.0% | 4.9% | 3.2% | 6.5% | 3.2% | 2.5% |
| Net margin | -2.0% | 1.4% | 0.9% | 3.3% | 1.0% | 0.4% |
| Free cash flow margin | -2.0% | 6.1% | -2.3% | 4.8% | 0.4% | 4.8% |
| FCF / Net income | 1.03 | 4.21 | -2.55 | 1.43 | 0.34 | 11.39 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.4% | 3.5% | 2.2% | 3.4% | 3.1% | 3.5% |
| Effective tax rate | - | 17.9% | 9.6% | 5.9% | 11.5% | 17.2% |
| Return on assets | -4.9% | 2.8% | 2.5% | 6.4% | 2.2% | 1.0% |
| Return on equity | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.90 | 0.99 | 1.00 | 1.34 | 1.15 | 1.45 |
| Quick ratio | 0.45 | 0.61 | 0.59 | 0.84 | 0.67 | 0.74 |
| Cash ratio | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -0.9x | 2.0x | 1.8x | 3.2x | 2.0x | 1.4x |
| Equity multiplier | - | - | - | - | - | - |
| Liabilities / Assets | 1.05 | 0.95 | 0.93 | 0.89 | 0.90 | 0.88 |
| Efficiency | ||||||
| Asset turnover | 2.47 | 1.95 | 2.75 | 1.92 | 2.09 | 2.36 |
| Inventory turnover | - | - | 8.88 | - | - | - |
| Days sales outstanding | 29d | 30d | 29d | 41d | 40d | 34d |
| Days inventory outstanding | - | - | 41d | - | - | - |
| Days payable outstanding | - | - | 21d | - | - | - |
| Cash conversion cycle | - | - | 50d | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 49.8% | -33.3% | 46.5% | -16.3% | 19.5% | -31.4% |
| Revenue CAGR (3y) | 13.5% | -6.5% | 13.6% | -11.8% | -17.4% | -19.6% |
| Revenue CAGR (5y) | 7.9% | -7.7% | -7.1% | -12.3% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 3.0% | -37.1% | 91.4% | 62.4% | -63.0% |
| Net income growth (YoY) | - | 8.2% | -60.8% | 170.6% | 190.2% | -87.0% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 1035.1% | -91.3% | -57.6% |
| FCF CAGR (5y) | - | -12.2% | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$3.50B totalRefined Products Segment$3.14B · 89.8%
Natural Gas Segment$284.53M · 8.1%
Materials Handling Segment$50.48M · 1.4%
All Other Segments$20.64M · 0.6%
Product / service
$3.14B totalDistillates$2.33B · 74.2%
Gasoline$560.49M · 17.8%
Heavy Fuel Oil And Asphalt$249.16M · 7.9%
Geographic
$3.50B totalUS$3.20B · 91.4%
CA$301.42M · 8.6%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Petroleum Bulk Stations & Terminals
Comparing Sprague Resources LP against the 2 most active filers in the same SIC group.